DRC customs head backtracks on copper, cobalt export ban

Customs officials in the Democratic Republic of Congo have backtracked on a decree made just 24 hours earlier and re-approved the export of copper concentrate and cobalt from the country.

In an official letter to extractive companies in Katanga province, the center of cobalt mining in the country if not the world, Bernard Bosele Pilipilithe, provincial director of Customs and Excise for the province, said that exports of copper and cobalt concentrate were banned.

The decree was dated May 26.

In a follow-up letter dated May 27, however, Pilipilithe clarified that exports will be allowed by companies that have permits to do so, issued by the DRC’s Ministry of Mines.

Fastmarkets’ sources have confirmed that trucks exporting concentrate for shipment or refining had not been stopped from travelling over the country’s border into Zambia.

What to read next
Blue Moon Metals’ acquisition of the past-producing Apex mine in Utah from Canadian miner Teck Resources is the latest example of the push to boost gallium and germanium production in the West. But for miners seeking to cash in on higher prices of these metals, smelting arrangements remain a question.
Rio Tinto Aluminium is expanding its footprint beyond its historic hydro-powered Canadian base, targeting Europe, Asia and Latin America as part of a deliberate diversification strategy, according to the unit’s chief executive officer.
Fastmarkets has corrected the rationale for its MB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $/lb price assessment, which was published incorrectly on Monday March 23 due to a typo.
Fastmarkets has corrected its copper concentrates treatment and refinement charge indices, which were published incorrectly on March 20 2026 due to a technical error.
Fastmarkets has corrected its copper concentrates treatment and refinement charge indices, which were published incorrectly on February 27 2026 due to a backend calculation error. Fastmarkets has also corrected the indices' rationale and all related inferred indices.
Mitsui & Co has locked in long-term copper concentrate supply by acquiring 40% offtake rights to Argentina's Josemaria deposit, while Fortescue has completed its acquisition of Peru's Cañariaco project for approximately C$139 million ($101 million), marking the latest in a wave of offtake deals and mergers and acquisitions (M&A) while majors race to secure supply amid an increasingly constrained market and record-low treatment charges (TCs).